NDFA sports FTSE play

UK distributor NDFA has launched its Growth Kick Out Plan December 08, an autocallable product designed to provide exposure to the FTSE 100 index.

The six-year product, which has 50% capital protection, aims to provide an annual 15% return. If at the end of year one the index level is at or above its initial level, the trade kicks out and delivers a 15% return. If the index level remains below the initial level the product continues into the second year. The plan will kick out and return 30% at the end of year two if the index level is above its initial level. Therefore if the product does not kick out the plan will continue until the

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